Huntingdon Capital : April 23, 2014 Huntingdon Capital Corp. Announces Collection of a $5 Million Vendor Take-Back Loan

HUNTINGDON CAPITAL CORP. ANNOUNCES COLLECTION OF A $5 MILLION VENDOR TAKE-BACK LOAN

RICHMOND, B.C., April 23, 2014 - Huntingdon Capital Corp. ("Huntingdon" or the "Company") (TSX: HNT) (TSX: HNT.DB) (TSX: HNT.WT) announced today the monetization of a $5.0 million vendor take-back loan.
The loan was a part of the consideration of the sale of Huntingdon's Ontario retail portfolio in June 2012. The sale consideration included cash and two vendor take-back loans. The first loan of $18.0 million was collected in June 2013. The second loan had a balance owing of $5.0 million and bore interest at 5.5% per annum. The second loan was secured by a pledge of shares of the nominee corporation that held title to Crossroads Centre, London, Ontario and a personal guarantee.
Huntingdon received the balance owing, accrued interest and $0.2 mm of additional credits owed.
Sandeep Manak, President and CEO, noted, "The monetization of this loan will largely fund Huntingdon's recently announced $6.4 million private placement with FAM REIT. At the same time, Huntingdon will still maintain significant liquidity with $43.3 million of cash-on-hand."
About Huntingdon Capital Corp.:
Huntingdon is a real estate operating company listed on the TSX (Common Shares: HNT; Debentures: HNT.DB; Warrants: HNT.WT). Huntingdon owns and manages a portfolio of 35 industrial, office, retail and aviation- related properties throughout Canada that have a total gross leasable area of 2.7 million square feet. In addition, Huntingdon owns a 30% interest in FAM Real Estate Investment Trust (the "REIT") (TSX: F.UN) (TSX: F.WT) and manages, on behalf of the REIT, a portfolio of 28 industrial, office, and retail properties throughout Canada that have a gross leasable area of 1.8 million square feet.
FOR FURTHER INFORMATION PLEASE CONTACT: Sandeep Manak, President and Chief Executive Officer
Tel: [phone]
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